Deutsche Bank’s CEOs will still be allowed to show their faces at the St. Petersburg International Economic Forum, because German businessmen—familiar as they are with protecting their own abroad—don’t see any reason why imperial irredentism should get in the way of making money. But they’re gonna have a hard time finding other bank chiefs to have caviar fights with. Read more »
Ex-SAC Capital PM Mike Steinberg seemed pretty surprised when he was found guilty of insider trading.
Ms. Williams recalled the day when Michael S. Steinberg, a portfolio manager at the hedge fund SAC Capital Advisors, was brought before a Manhattan judge to be read the insider trading charges against him. The police escorted him, in handcuffs, into the Lower Manhattan courthouse through the main elevators rather than the usual back way leading into the courtroom. When Mr. Steinberg emerged from the main elevators, there was a look of utter shock on his face. “Being caught is so out of their wildest dreams,” she said.
Danielle Chiesi was a vision in pink. Read more »
In an interview on Bloomberg TV, John J. Mack, the former chairman and chief executive of Morgan Stanley, called for an end to the harsh words that have been hurled at Mr. Dimon and Lloyd C. Blankfein, Goldman Sachs’s chief executive, over their pay…He said he would love to see people “stop beating up on Lloyd and Jamie.” He added: “I think that would make a lot of sense, and I’m in favor of that.” [Dealbook] Read more »
Maybe you’ve been toiling away on Wall Street for 10-15 years but have never earned one ounce of respect. Maybe you’ve been on the job for a matter of months, and have yet to be given more responsibility than picking up your boss’s lunch (a job that you came perilously close to losing several weeks ago for reasons we won’t get into here). Maybe you’ve been working at, say, Goldman Sachs, for several years now and are still addressed as “Hey, you.”
You could put your head down and keep grinding away at the hopes of one day being recognized for your contributions to the financial services industry. You could march up to your boss’s desk one day and say “Hey, I’ve got a name you know!” You could develop of a network of corporate insiders and then give Steve Cohen a call. Or you could simply start forgoing the razor and let your facial hair talk for you. What will it say? That you’re a god damn force to be reckoned with. Read more »